Mises Wire

September's job numbers were driven by big increases in government jobs and part-time work.

Government education is a self-perpetuating monster and has been for a long time. While parents and organizations seek accountability, the dynamics driving government education point to a powerful and unaccountable bureaucracy that serves its own interests.

Storms like Helene and Milton ought to drive us to recommit to and expand the very institutions that have made natural disasters more survivable for so many, not to abandon them out of some false hope that bad weather can be eliminated. 

Mussolini: “The fascist conception of life stresses the importance of the State and accepts the individual only in so far as his interests coincide with the State."

In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.

Frederic Bastiat was a well-known and eloquent defender of liberty and free-market economics. He also was a devout Catholic who looked to tie his faith to his economic and political beliefs.

As Murray Rothbard often noted, freedom of association is a fundamental right, what he called a “subset of private property rights.” Unfortunately, our modern cancel culture has taken aim at this right, taking away the voluntary nature of human interaction.

America is always on the verge of finally having "honest government." Of course, what passes for “honest government” is a government that efficiently takes wealth from productive people and transfers it to those who are politically-connected.

One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists.